North America Sports Medicine Devices Market Forecast 2022-2030
KEY FINDINGS
The North America sports medicine devices market is anticipated to grow with a CAGR of 6.04% across the forecasting period of 2022 to 2030. The regional market’s growth is fueled by the recommencement of canceled/postponed sports events following the lifting of COVID-19 restrictions, the significant increase in recreational as well as social activities, and the surging number of water sports activities, including water rafting and motorboat sports.
MARKET INSIGHTS
The North America sports medicine devices market growth assessment encompasses the study of Canada and the United States. The population in Canada is highly invested in sports such as lacrosse, swimming, badminton, cycling, basketball, soccer, hockey, and football. Moreover, hockey is not only the most popular sport in the country but also represents the Official Winter Sport. As of 2020, Canada had 607,951 registered ice hockey players, in addition to over 100,000 registered lacrosse players
However, increased participation subsequently results in an increased number of sports injuries. For instance, more than 35% of injuries in Canada reportedly occur due to sports activities. This factor plays a pivotal role in boosting the demand for sports medicine devices in Canada. Since most injuries are not serious and primarily entail strains and sprains followed by bruises and blisters, they can be treated using braces and supports and avoided with compression socks. Thus, the aforementioned factors are set to propel the North America sports medicine devices market growth over the estimated years.
COMPETITIVE INSIGHTS
Some of the key companies operating in the market are Johnson & Johnson, Stryker Corporation, Arthrex Inc, etc.
Our report offerings include:
Explore key findings of the overall market
Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
Market Segmentation cater to a thorough assessment of key segments with their market estimations
Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
- 1. Research Scope & Methodology
- 1.1. Study Objectives
- 1.2. Scope Of Study
- 1.3. Methodology
- 1.4. Assumptions & Limitations
- 2. Executive Summary
- 2.1. Market Size & Estimates
- 2.2. Market Overview
- 3. Market Dynamics
- 3.1. Key Drivers
- 3.1.1. Demand For Sports Medicine Treatments Using Minimally Invasive Techniques
- 3.1.2. Rise In Sports-related Injuries
- 3.1.3. Technological Advancements In Implants
- 3.1.4. Increased Fitness And Sports-related Awareness
- 3.2. Key Restraints
- 3.2.1. Lack Of Skilled Sports Medicine Personnel In Developing Countries
- 3.2.2. High Cost Of Sports Medicine Devices
- 3.2.3. Strict Domestic & International Medical Regulations
- 4. Key Analytics
- 4.1. Impact Of Covid-19 On Sports Medicine Devices Market
- 4.2. Key Market Trends
- 4.3. Porter’s Five Forces Analysis
- 4.3.1. Buyers Power
- 4.3.2. Suppliers Power
- 4.3.3. Substitution
- 4.3.4. New Entrants
- 4.3.5. Industry Rivalry
- 4.4. Opportunity Matrix
- 4.5. Vendor Landscape
- 4.6. Value Chain Analysis
- 4.7. Key-buying Criteria
- 4.7.1. Regulatory Certifications
- 4.7.2. Brand Name
- 4.7.3. Cost Efficiency
- 4.7.4. Functionality
- 4.8. Regulatory Framework
- 5. Market By Device Type
- 5.1. Body Reconstruction And Repair
- 5.1.1. Surgical Equipment
- 5.1.2. Bone/Cartilage Repair & Reconstruction
- 5.2. Body Support And Recovery
- 5.2.1. Support Device And Braces
- 5.2.2. Thermal Therapy
- 5.2.3. Compression Devices
- 5.3. Body Monitoring And Evaluation
- 5.3.1. Cardiac
- 5.3.2. Respiratory
- 5.3.3. Hemodynamic
- 5.3.4. Musculoskeletal
- 5.3.5. Other Body Monitoring And Evaluation Devices
- 5.4. Orthopedic Devices
- 5.4.1. Artificial Joint Implants
- 5.4.2. Arthroscopy Devices
- 5.4.3. Fracture Repair Devices
- 5.4.4. Prosthesis
- 5.5. Accessories
- 6. Market By Application
- 6.1. Knee Injuries
- 6.2. Ankle & Foot Injuries
- 6.3. Shoulder Injuries
- 6.4. Elbow & Wrist Injuries
- 6.5. Back & Spine Injuries
- 6.6. Other Applications
- 7. Geographical Analysis
- 7.1. North America
- 7.1.1. Market Size & Estimates
- 7.1.2. Key Growth Enablers
- 7.1.3. Key Challenges
- 7.1.4. Key Players
- 7.1.5. Country Analysis
- 7.1.5.1. United States
- 7.1.5.2. Canada
- 8. Competitive Landscape
- 8.1. Key Strategic Developments
- 8.1.1. Mergers & Acquisitions
- 8.1.2. Product Launches & Developments
- 8.1.3. Partnerships & Agreements
- 8.2. Company Profiles
- 8.2.1. Arthrex
- 8.2.2. Bauerfeind Ag
- 8.2.3. Breg Inc
- 8.2.4. Conmed Corporation
- 8.2.5. Djo Llc
- 8.2.6. Johnson & Johnson
- 8.2.7. Karl Storz Se & Co
- 8.2.8. Mueller Sports Medicine Inc
- 8.2.9. Össur Corporate
- 8.2.10. Performance Health International Ltd
- 8.2.11. Rti Surgical
- 8.2.12. Smith+Nephew
- 8.2.13. Stryker Corporation
- 8.2.14. Wright Medical Group Nv
- 8.2.15. Zimmer Biomet Holdings Inc
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